Boston Beer Company Inc (SAM)
Solvency ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.33 | 1.35 | 1.37 | 1.34 | 1.33 | 1.43 | 1.42 | 1.41 | 1.41 | 1.42 | 1.44 | 1.42 | 1.44 | 1.43 | 1.46 | 1.57 | 1.43 | 1.41 | 1.56 | 1.44 |
Boston Beer Company Inc has consistently maintained a low level of indebtedness over the periods analyzed, as evidenced by the consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00. This indicates that the company relies little on debt to finance its operations and investments, which is a positive signal for its solvency.
However, it is important to note that the financial leverage ratio has shown some variability over the periods, ranging from 1.33 to 1.57. A financial leverage ratio above 1 indicates that the company has some level of debt in its capital structure. While the fluctuations in the financial leverage ratio may raise some concerns, the overall trend suggests that Boston Beer Company Inc has maintained a relatively stable level of financial leverage over time.
Overall, based on the solvency ratios analyzed, Boston Beer Company Inc appears to have a strong financial position with a prudent approach to managing its debt levels, which bodes well for its long-term solvency and financial stability.
Coverage ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 60.83 | 32.77 | 21.03 | 18.94 | 35.45 | 38.47 | -473.06 | -620.65 | 72.71 | 1,079.43 | 2,783.42 | 1,028.43 | 751.41 | 467.63 | 302.45 | 339.96 | 148.32 | 122.59 | 96.72 | 78.94 |
The interest coverage ratio for Boston Beer Company Inc has fluctuated significantly over the periods in consideration. The company's ability to cover its interest expenses improved substantially from negative values in the first half of 2022 to positive figures in the latter part of the same year and throughout 2023.
The interest coverage ratio reached its peak in the third quarter of 2021 and experienced a sharp decline in the subsequent quarter, before recovering in the first quarter of 2022. From that point on, the ratio remained relatively stable at healthy levels, indicating the company's ability to comfortably meet its interest obligations from its operating income.
Overall, an upward trend in the interest coverage ratio suggests an improving ability to cover interest expenses, which is a favorable sign for the financial health and stability of Boston Beer Company Inc.